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Russia predicts new economic crisis - EastRussia | Far East

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Russia predicts a new economic crisis

Russia predicts a new economic crisis
Photo: pixabay.com

A new economic crisis in Russia will happen in a year and a half. It will be accompanied by falling GDP, rising inflation and budgetary constraints.

According to experts from the Center for Market Studies at ISSEK NRU HSE, a trade war between the US and China could lead to a recession in the national economy. In a certain period, the growth rates of the economies of these countries will slow down, which will lead to lower world prices for commodity traded goods.

In addition, 2020 years will pass 2021 years after the last global financial and economic crisis - this period is considered an average cyclical wave when there is a short-term recession. This is the most favorable time for inflation of financial "bubbles", experts quote RIA News".

According to experts, in the event of an increase in negative factors, the global economy will enter a recession or even crisis no earlier than in a year and a half. The fall in Russian GDP during the previous major financial and economic crisis in 2009 amounted to 7,8% - the worst result among the G20 countries.